Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 14,531 Shares of Site Centers Corp. $SITC

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in Site Centers Corp. (NYSE:SITC) by 54.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,118 shares of the company’s stock after selling 14,531 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Site Centers were worth $137,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SITC. Allianz Asset Management GmbH grew its stake in shares of Site Centers by 532.7% during the first quarter. Allianz Asset Management GmbH now owns 81,609 shares of the company’s stock valued at $1,048,000 after buying an additional 68,710 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Site Centers during the 1st quarter valued at $817,000. New Age Alpha Advisors LLC boosted its holdings in Site Centers by 39.3% during the 1st quarter. New Age Alpha Advisors LLC now owns 327,496 shares of the company’s stock valued at $4,205,000 after acquiring an additional 92,455 shares during the period. Covestor Ltd grew its position in Site Centers by 61.7% in the 1st quarter. Covestor Ltd now owns 6,072 shares of the company’s stock valued at $78,000 after acquiring an additional 2,316 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Site Centers by 3.9% in the first quarter. Invesco Ltd. now owns 2,203,583 shares of the company’s stock worth $28,294,000 after purchasing an additional 82,469 shares during the period. Institutional investors own 88.70% of the company’s stock.

Site Centers Trading Down 0.1%

NYSE SITC opened at $7.36 on Friday. The company has a fifty day simple moving average of $8.07 and a two-hundred day simple moving average of $10.21. The stock has a market cap of $386.12 million, a P/E ratio of 1.09 and a beta of 1.38. Site Centers Corp. has a 12-month low of $6.76 and a 12-month high of $15.93. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.59.

Site Centers Announces Dividend

The company also recently declared a special dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were paid a dividend of $1.00 per share. The ex-dividend date was Friday, October 31st. Site Centers’s payout ratio is presently 92.86%.

Analysts Set New Price Targets

Several research firms have recently weighed in on SITC. Piper Sandler decreased their target price on Site Centers from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. LADENBURG THALM/SH SH initiated coverage on shares of Site Centers in a research note on Tuesday, September 9th. They issued a “neutral” rating and a $10.00 price target on the stock. Wall Street Zen lowered shares of Site Centers from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Site Centers in a research report on Tuesday. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Site Centers currently has an average rating of “Hold” and an average target price of $12.63.

About Site Centers

SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.